2013-01-15
2013-01-23
x boeing

STATION
CNBC 20
FOXNEWS 14
KGO (ABC) 11
CNNW 8
KQED (PBS) 7
KRCB (PBS) 4
KRON (MyNetworkTV) 4
WETA 4
KNTV (NBC) 3
KPIX (CBS) 3
KTVU (FOX) 3
MSNBCW 3
WRC 3
KOFY 2
KQEH (KQED Plus) 2
( more )
LANGUAGE
English 122

Set Clip Length:


yesterday the lack of any talk of fiscal restraint. we know regulations, taxes are going up 2013. kudos to corporate america for pulling in these numbers in this environment. >> how about david garrity? you want to weigh in on these numbers. >> 4% gain on the stock. >> on the ibm numbers, fear there would be around the conference call four years ago. their main stram, which they just launched to september saw good acceptance in the fourth quarter and all the concerns that people had about corporate investment and all that because of the fiscal cliff issue, tax reform. obviously these being put bait by what numbers are being put up in terms offing revenue strength. ibm a good bellwether versus tech bjorklund and paul, david, thipg thank you. my friend snow greco, when do you think in the market will go higher? >> i'll just plead the fifth on that. >> all right. i hear you. thanks for joining us. michael, rich, always good to see you. >> thanks, guys. >> to wrap up, ibm's solid beat on the bottom line and top line better than expected. >> google. top line. bottom line, we're working on it

and leave high tax california? of course he should. we'll discuss his comments. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> presidential inaugural addre addresses are supposed to be less than a campaign speech. listen for yourself. >> fidelity requires new responses to new challengemis. preserving freedoms requires collective action. to me that spells more government. but listen to this next one. >> the co

. it would be progrowth and no more tax hikes by the way. spending and the debt are the top issue of concern for voters. look, these heinous mass murders are not about weapons. question -- why isn't anyone tackling the really tough issue that may be the root causes of these atrocities? such as broken families, such as the absence of fathers who set examples for their sons? such as the loss of faith in our schools? such as our homes and our culture that have lost faith as well. tonight, we are going to talk about the family values breakdown in america. "the kudlow report" begins right now. another key point tonight. for most of the history, america drew at 3.5% per you. the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above that 2% rate. which should be unacceptable. it is the worst in the post world war ii era. so the question tonight, what's holding back the american economy? here's my quick road map for an economic boom. start off with major cuts in government spending. we should stop paying people not to work. then cut large and small

to the military? that will hurt him with the center left who, want tax cuts and the help to the religious go down. when you have a narrow margin as a prime minister, historically, here, it means you are wake and not able to do anything significant in the knesset and we will be back to early elections, mr. netanyahu had had a very stable government. but like the united states, neil, israel is rocked by some severe economic problems here. there was a $10 billion budget deficit that was much more than expected. that has become a big issue. the rising cost of living here has become a big issue and that's the thought that this precipitous drop, it was that he and his right-wing coalition hash 70 seats projected 2 months ago. they have fallen in the polls and there is now talk of them bringing on board a center party, run by a charismatic television anchor, turped politician. this person is demanding tax cuts for the middle scplases demand that the religious go to war, something that won't sit well with mr. netanyahu's base. going forward, he may have won, but it will be a very uncomfortable and probab

? >> reporter: democrats have been setting very strong signals they want more tax increases or at least revenue enhancements through closing loopholes and deductions. majority leader cantor responded to that yesterday. listen up. >> well, you know i fundamentally disagree. i don't think most americans would say to give more money to washington to have washington spend their money is a way to help anybody. >> reporter: also yesterday, the president strongly defended social security, medicare and medicaid and with anp a parent jab at his defeated opponent mitt romney said those entitlement do not make us a nation of takers. republicans have long-held those entitlements are on the road to insolvency unless they are fundamentally restructured. martha. martha: doug, thank you. doug mckelway. bill: house republicans say they hope the move will shift the focus to spending and push the senate into passing a budget. remember it has been four years since the senate passed a budget in washington. >> i think it is about time the senate did its legal responsibility of passing a budget. we passed one each of

is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do that so we have a baseline for negotiations. >> well, let's revisit what the debt limit actually is. this is about congress paying the bills for what it has already racked up. the white house has made clear that the president will take a look at the proposal. they said it is e

mickelson, why is he paying 62%, 63% tax? >> i like the nike add. >> all that, plus the opening bell in just a moment. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> you're watching cnbc "squawk on the street" live from the financial capital of the world. the opening bell is going to ring in a little less than 90 seconds. a busy week. everything from apple to microsoft to bristol-myers reporting earnings. we talked about some of the highlights. also, davos happening. you never know what could come from the other side of the planet. >> a lot of hitters there. periodically getting a new story. we have maria over there, and steve liesman, i mean, it's really -- we're bringing out the big guns. we've got

to give their approval to allow 11 states to start preparations for imposing a tax on all financial market transactions and measures likely to unsettle banks and houses. for more on the story coming out of europe today, let us head to london to kelly evans who is standing by this morning. i like that necklace. i don't know what it means -- what it's saying to me. it kind of looks like -- >> it's telling you to buy goad, joe. it's a subtle signal to investors. i coordinate my wardrobe with the prevailing market move. >> yeah. >> i was thinking you were stepping out there. is that attached to the wall behind you? are you allowed to move or has ross got you -- >> it's attached to my wrist here with the same thing going on. >> oh, my god. i am actually chained to the desk here because ross westgate, lake-effect snow, is in davos and he will have the very latest out of there and "worldwide exchange" for the rest of the week. we'll also see maria bartiromo there. in the meantime, before that meeting gets under way, france and germany are celebrating their friendship treaty today. it's all about

that everybody is in lockdown mode as we wait to figure out what our tax rates are going to be, where the spending cuts are going to be, that it is going to impact the economy. my question is how much of an m impact going to see earnings? are they going to get hit? >> that's the key to the whole thing. as we said, the beige book numbers, when they came out there were cents. see earnings coming out, we will see comments and none are going to be positive. none will be excited about the future, and stock prices and multiples expand when people feel possible about the future. going to impact them? numbers might come in spot on. the whisper numbers, everyone is looking for, meaning hoping the numbers are a little bit bitter. i think as numbers come in, we'll start to see very little movement going north, unfortunately. >> the followup to that is how much of all of that is priced into the market? does the market react negatively or positively when in fact we see the earnings took a hit? >> in fact, rick santelli, had a slew of economic data out, the beige book and lieu it all the market is

and three quarters percent on everything, including installation. you can't get taxed on labor, right? >> you can in this instance. had they built the shed at the factory and ship shipped it, you would have paid for the putting together of the shed. they say if you're building a tangible product, it can be taxed and this is a tangible product. >> dana c says i came back from a trip to walmart. the checker refused to put items in the cloth bag, none of the items were grocery related saying if you do not buy paper or reusable bag, they'll no longer bag your it yinls. >> so if they don't get their dime, that isn't true. we got this early enough this afternoon and gave walmart a call saying what sup with that? they said look. they were wrong. they're retraining everybody. different cities and counties are doing away with bags. they think it's just miscommunication. the checker was mistaken. >> also, i've heard people showing up with plastic bags from homes in sthaiz don't allow plastic bags. they've been told they can't use those. >> that is not true. it's a reusable item. no they just ha

instrument. the economy is very weak. we need to do whatever we can to support job creation. raising taxes more than was accomplished in the last few weeks on any category of americans is not a good solution to a problem that is fundamentally a demographic problem. >> neil: you don't argue that taxes should be part of it. you argue that we got the tax part of it. let's focus on the spending part of it, right? >> we can ratchet back people in higher income brackets receive once they become eligible. that addresses that issue. what we want to do is weak economy, the last thing we would do is just that. >> neil: just showing a direction at least more fiscally sound could pay rich dividends. not only the markets will jump for joy but it would show our fiscal savvy? >> will is great concern in jobs like mine that the government has lost capacity to find solutions to relatively straightforward problems. the debate is polarized and largely dysfunctional. what you are suggesting and i agree with, any evidence that washington is capable to find sensible solutions to these issues, it would be encour

in the capital gains tax, which didn't come to fruition, but nevertheless, prudent visitorinvestors sold the stock. and from that standpoint, the stock attracts current levels, especially out of earnings. >> susie: and earnings are coming out next week, and we'll be tracking that. and we'll see how the stock does after that. thanks, david, david garrity. >> tom: investors sorting through a slew of economic data today. u.s. industrial production hit its highest point in more than four years in december, while consumer prices, were flat last month, pointing to muted inflation pressures. still, the u.s. major averages ended mixed: the dow off 23 points, pulled lower by weakness in boeing shares, the nasdaq rose six, the s&p up just a fraction. >> susie: and the federal reserve's latest snapshot of the u.s. economy isn't picture perfect, but it is positive. today's beige book report showed signs of solid overall economic growth. each of the fed's 12 districts showed either "moderate" or "modest" growth, steady or expanding real estate activity, and some growth in consumer spending from decem

to raise taxes and democrats don't want to touch entitlements it will be a heavy left but may bring optimistic. >> gregg: do allies of president obama maybe there is an opportunity to get big things done? >> they do seem encouraged following the house republicans' offer to increase the debt limit nation's built to borrow for three months and in exchange allow the house and senate to pass a budget. republicans would like to see a budget with spending cuts. here a key white house advisor on the g.o.p. offer. >>> we don't think the short term is smart for the economy. two or three months has uncertainty. we are please today see the republicans in the house drop their previous position which was, they were only going to pay the bills they racked up if they got what they wanted in deep spending cuts in medicare and other programs. that is progress. >> reporter: starting a new term president obama has reluctance will ri he is the one politician in washington who does not have to run for reelection. it be interesting to see what he wants to do to try to push big things across the finish li

. it represents all the time you've spent helping those around you. so when it comes to taxes, we're here to help you. that's why we have cpas, enrolled agents, and tax attorneys to answer your questions-- helping you get deductions for uniforms, union dues, and even the miles you drive for a job interview. you deserve to keep more of your hard-earned money. and we're here to help make that happen. turbotax-- the power to keep what's yours. try it free at turbotax.com. get at low clearance prices., even tempur-pedic mattress sets and through monday, get 3 years interest-free financing on selected models. don't miss sleep train's year end clearance sale.

. so when it comes to taxes, we're here to help you. that's why we have cpas, enrolled agents, and tax attorneys to answer your questions-- helping you get deductions for uniforms, union dues, and even the miles you drive for a job interview. you deserve to keep more of your hard-earned money. and we're here to help make that happen. turbotax-- the power to keep what's yours. try it free at turbotax.com. weather. tomorrow morning it will be a chilly start to the day. tomorrow will be another spare the air day. poor air quality. sunrise at 7:23 and temperatures on the cold side ranging from 28 to 42 in san francisco. by 8:00 tomorrow morning the temperature range will be 35-48. still chilly, but above freezing at least. dan and carolyn? >> thanks, spencer. >>> dunkin donuts is coming back to california. >> the owner wants to build 1,000 shops in the state starting with southern california in 2015. >> the donut chain started pulling out in the late 1990s, but the ceo recently had a changing of heart. >> the announcement sent consumers into spasms of elation on twitter. dunkin donut comin

within the society. ordinary people are suffering of austerity. a few people involved in a tax scandal. whether to investigate top politicians including two former prime ministers and the former finance minister or canceling a list of suspected tax evaders with the names of thousands of greeks on it. the former finance minister in greece has denied responsibility. >> he denies any involvement. he said he did not dr. the list and and he's being made a scapegoat. ordinary greeks have latched on to this affair, captivated by every twist and turn. it confirms for them better in quality gap between the wealthy and poor has grown, that corruption still eats up the heart of this troubled country. they are desperate to find somebody to blame, somebody to punish for the mess that this country is in. top story. he grounding of boeing's dreamliner is grounded pretty much globally accept for ethiopia. it is inevitable that they will follow suit. >> stay with us. we have errantry coming up here on gmt -- a rare treat. what it was really like to be a russian czar. we will step inside the kremlin. th

and science teachers read for the future. we must harness new ideas to revamp the tax code and reform our schools and empower citizens with the skills they need to work harder and reach higher. lou: he did not actually say education but he did mention the word reform. he wants to change everything. if you believe the data the federal education department puts out you may think there is no need it only reflected the reality. the education department is a giddy that shows high-school graduation rate is 78-point to%. 70-point to% that is a 35 year, and not a high but the best this report, think about it. 21% is not getting it done. the education department also notes, about this, the national dropout rate is 3 percent overall down from 4% last year. are you kidding me? if only 78.2% are getting it done how does that end up at 3%? new mask? federal math? political math. is a joke not funny brought to by the department of education. a report from a nonprofit group last year told the difference story that dropouts to do you to be a significant national crisis and their least 1,550 high-school i

and evaporation. combination of those variabl variables. >> the shippers pay a tax to the lar boar maintenance fee for such work. in recent years the senators on both sides of the aisle, including carl levin of michiganbe complain the fund has been raided for other federal spending. >> steve brown on the banks of lake michigan. thank you. >> interior secretary ken salazzar the latest official to head out the door. they say he will leave in march. he joins the secretary of state, treasury, defense, labor and the epa chief in announcing their departures. more than 8,000 new york city school bus drivers on strike tonight. many students disabled had to find other ways to school this morning. job protection is the hang up. they put a contract with the private bus up for bid. it just got tougher to have your voice heard by the white house. taking gun control at schools for what you might consider a ridiculous extreme. grapevine explains next. >> bret: the white house quadrupleed the threshold on the signatures for the lead the people petition site. the new minimum, 100,000 signatures in 30 days. that is

middle class taxpayers were invited to the white house before a presidential speech on extending tax rates. >>> conservative media mogul rupert murdoch offered his thoughts on twitter. hopefully we'll get real actions on guns tomorrow, not some stage-managed stunt. >>> new york is the first state to tighten the gun control laws in the aftermath of newtown. andrew cuomo signed a wide-ranging bill last night. the package includes an expansion of the state's existing ban on assault weapons and lit limits gun magazines to seven rounds and requires mental health professionals to consider patients that are a possible threat. >> let's at least learn from what's happened. let's at least be able to say yes we went through terrible situations. but we saw, we learned, we responded and we acted and we're doing something about it. we're not victims. we can strike back. we can defend ourselves. but we're going to do it intelligently and we're going to do it prudently and we're going to put rules in place that actually protect innocent people and n. society. >> new york's law comes despite the nati

the city counsel stopped the increase of taxes. >> today, mavericks will begin get southing -- setting up the festival which is expected to be packed with visitors. >> way too many customers and probably not enough food. >> a high surf advisory has beenish issued. authorities are morning to be careful with the waves like this one. stay tuned coverage on the mavericks surfing competition. you can watch online at ktvu.com or use our mobile ap. >>> if you are heading out to the beach today, you want to avoid the water because the waves are coming in. >>> sure, the sneaker waves are exactly what they are called. they can wash you out, especially the little ones oen the beaches. be prepared if you are going out there. it's going to be a nice beach day, just be prepared. look at the golden sun, plenty in store. we will continue with the cool conditions at least in the next hour or so. a rapid warm up. here's a look at what we are expecting, anywhere from 8 to 10 feet today. out at mavericks for the afternoon tomorrow, the waves hitting 30 feet and above. it's going to be a great day to observe

taxes up to the level where you fund the promises that we've already made. the entitlements that we've already made and the guarantees we've made, they just want to raise taxes on somebody. i don't know who, to the point where we never actually reform medicare, medicaid or social security. >> the question i want to ask him, is there ever a time that he's making, is it now given where we are in the economy? >> well, the question is, you put in a hundred and you take out 400 in medicare and the government covers 300. >> and it makes no sense. >> well, no, but there are people that think that the government's roll is to provide that 300. and so we should raise taxes to the point where you -- it doesn't matter that you -- >> right. >> it doesn't matter. that is the redistribution. >> that's the agal tearan notion or the equality, the fairness in outcome. >> i'll give it to him. we'll ask the question. >> i just hope you got fired up watching lance. >> i'm fired up watching lance. i'm fired up for that interview. >> i can tell he hurt you. i could tell from when you were over there, you

million r tax adjustment and $376 million from something and $700 million from reduced mortgage loan loss. jamie dimon said challenges still exist but as we look forward to 2013 -- let me finish this thought, we look forward -- we remain optimistic. we're committed to doing our part to speed the recovery of the housing market and we continue to see favorable credit conditions across our wholesale loan portfolios. at first blush. go ahead, andrew. introduce chris. >> chris whalen is here to respond to these numbers. i'm here to say they also put out on their website today. what do you make of these numbers? >> similar to welles making up a lot of earnings numbers with cost cutting, very important. a little light on revenue, i think the story of most banks going into 2013. my guess is interest margins continuing to squeeze because of the fed. >> that's not going to get better. >> the benefit from the fed has gone by on net and tt an alarmi rate and the time's gone >> what's your thoughts on loan growth. >> as jamie said he's trying hard to put on assets, everyone in the industry is. but wit

reforms, they're talking about tax reforms, as well. this will be a multi layered process and hopefully they'll be in power long enough to deliver some of those changes. i think the market was expecting for the bank of japan to come in .deliver everything that was going to solve all of japan's problems after decades of recession, then they were probably misguided. but for the moment, the reaction we're getting from people who were watching japan is they probably took as many steps as they could today to try and address this decision. >> kaori, stay with us. ed, welcome. you just heard a little bit of the back and forth. what's your own opinion here on what the boj has or hasn't delivered? >> good morning. thanks very much for having me on the show. my opinion is i completely agree with everything kaori said. even more than that, i would say to the viewing audience, look, this is the cramer moment for japan where you bring out the bells and the whistles and you toot the horn and you tweet and you pound the table and you run around the room saying buy, buy, buy. the framework is now in pl

to be about 5 to 7% lower, meaning those people in the exchange that needed a subsidy would take fewer tax dollars and it is also estimated that it would serve as an anchor, because there's competition, to bring down the cost of health care, even in the private sector as well. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of those drugs. if anything they have soared since that benefit came in because the government cannot act as a source of even buying in bulk for cutting prices. >> that's exactly right. and in fact i'm also supportive of legislation that would allow medicare, just leak the veterans administration to negotiate with the manufacturers, the drug companies, for lower drug prices. and i guess the point is that there are -- >> it doesn't work. didn't work in the case of drug prescriptions. if you were to expand this to care, what -- >> no, no. >> what is the chance you would get more bang for the buck? >> here's

of march. there is no question that these big fiscal issues, taxes and spending are going to define the first quarter of the president's second term. >> george, talk about this term, the second term curse. we -- reagan had iran-contra. nixon, of course, had watergate. clinton had monica lewinsky. but why is it that they tend to go sour. >> lyndon johnson didn't even make it to the second term. he had to resign because of vietnam. ever since roosevelt and the amendment that limited his terms, presidents tend to run out of steam and maybe even get tripped up by scandal in these second terms. i think it's kind of a natural reaction to the fact that power is moving on beyond these presidents because, in fact, they are lame ducks. the obama white house has studied this very, very closely. they know the perils of the second term. they think they can avoid the worst pitfalls. first of all, they are saying there's no scandals on the horizon, but they say they can avoid the worst by having a focused agenda and moving fast. >> we'll see if they can. george, thank you very much. george will ha

demands the wealthy pay their fair share of taxes. but, he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids, and gun free zones for ours. >> all right. the white house called the ad repugnant and cowardly. i think they are right. can i say something about this partisan back and forth. we have just come out of a heinous mass murder atrocity which is of course a complete national tragedy. all right. is it possible, just once that the republicans and the nra and democrats and the president can stop this cheap unseemly squabbling just once? may we have a civilized conversation about what this nation can do to avoid another horrible sandy hook? all i want, all i want is a civil conversation. there's a lot of very complex pieces here and they need the best minds to figure this out. i just want the squabbling to stop. this is worst than the fiscal squabbling and the debt ceiling. you know why? the stakes are higher. we're talking human lives. those little baby angels. let's try in their memory to figure something out if stead of hurling epitha

, perhaps most of the suicide attacks in syria. they face a tax of killing civilians indiscriminately. we choose only military targets, they insist. the regime put car bombs among civilians. there is a lot of effort to undermine our reputation, he says. i challenge anyone to present evidence. he also denied any link to terrorist groups. a plane drops bombs. they think the front building is the target. >> that have taken cover in case the plane make another pass. they have a reputation for being the bravest fighters. they are widely regarded as honest. the power and influence may have a very big say in syria's future. >> there is still support for the free syrian army, but even these fighters wonder if it has been worth it. >> i wish our lives could go back to what they were, she says. they're forced to burn rubbish to keep warm. western governments have a dilemma. if they stay out of syria, the islamists will go stronger. but weapons sent to the uprising might reach them. so people wait for help that is probably not coming. >> air rare look inside syria and the longer this conflict goes o

because property tax revenues have dropped and a tax measure pick up the cost of those lost revenues was voted down. >> tickets for a san jose sharks at regular season finally go on sale in just a couple of hours from now. jackie sissel is live outside of h-p pavilion that we can finally reach brand of the shark tank. >> game tickets are going on sale today. i have video from yesterday or this sharks to add to the eyes for the first time and public. this is good news and the tickets go on sale today at 10:00 a.m.. most people will go on ticketmaster and that is the best way to do it. because of how cold it is most people most likely stay on the computer at home. you can also to aid the pavilion. they will be handing out numbered wristbands. at 830 they would be read and trying to find out will go first and then people could start buying tickets at 10:00 a.m.. you can't get up to the end tickets per game and eight games. here we are almost half way through january and there are many sharks fans in san jose and it is an exciting day. >> i bet any high tea is a good idea for the fans an

mean, you really think we must be doing terrible. we have higher payroll tax, a gridlock in washington, but the actual job growth is very out of sync, and it almost says like, listen, we got rid of this, let's start hiring. we may be looking at this debt ceiling, and i'm going to invoke shakespeare, the bard, that this may be much ado about nothing. i'm going there. right here. >> right now? the cliff is -- >> don't you love -- you know, when i first heard, i thought what a great title, i said no, moran, take the shakespeare course first the it's going to be claymation death match, maybe ufc, you and i watch that in our spare time -- not -- but i don't think it's as important as getting through the fiscal cliff. people are hiring again. >> dow transports continue to hit six-year highs. >> even as crude is up 95. >> it's like a market that has transport leadership. did you see union pacific? we had mike's southern on "mad money" he says point-blank, the hole has bottomed and is starting to go higher. and be good to the shutdowns, the coal plants. don't forget china has been burning coal

share of taxes but he's another elitist hypocrite when it comes to fair share of security. >> reporter: the white house had no reaction to this nra accusation. and the coming gun control fight the white house expects very intense resistance on capitol hill to a reinstatement of the assault weapons ban and limiting the weapon magazines and the president will fight both but nd the biggest on fight is putting nk y gun sales under backglownd checks.ates >>> the leading "time" magazine cover shows michael bloomberg, vice president joe biden and former congressman gabrielle giffords who survived a shooting two years ago. for more on the politics john for more dickerson joins us now, john good mor good morning. >> good morning. >> let's start first with this new nra ad which criticizes the president as an elite ihypocrite crit and brings the president's daughters into the fight.the fight. is this getting personal? >> well it's already been pretty personal, but, yes, this is -- this is a very incendiary i message to the nra members and also, though, it's trying to

on sunday shows looks like the senate might come up with a budget resolution. it includes tax increases. is that the way to solve this thing. >> no, tax increases are not going to solve our problem. ultimately what we have not a revenue problem or a tax problem although our tax code is bloated and distorted and not necessarily complex. we're not going to solve this problem through additional revenue, we'll solve it by change the way we spend money. jon: senator lee. wish you well. it would be interested to see if the balanced budget amendment makes it through this time. i have my doubts. but again, thanks for joining us today. >> thank you. >> something you probably have in your medicine cabinet right now could be a real danger to your eyesight. the brand new study linking a common painkiller to an increased risk of blindness that is coming up next. >>> plus israelis heading to the polls today. will benjamin netanyahu win another term and how the election results for our closest ally in the middle east could affect the region. >> plus what it means for an impending showdown with iran. w

are subjected to armed guards at their school. mr. obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and guns-free zones for ours. >> that's the ad. what do you think? we want to know. tweet us @earlytodaynbc. >> chuck hagel of nebraska may be getting closer to winning confirmation as defense secretary. he won the backing of two of the senate's strongest supporters of israel, senator chuck schumer are of new york and senator barbara boxer will vote to approve hagel. but senator inhofe says he and hagel have philosophical differences. >>> boeing's newest passenger jet the 787 dreamliner has been grounded by japan's leading airlines. it made an emergency landing in western japan. a cockpit message showed cockpit problems. japan airlines and all nip upon airways suspended all their dreamliner flights today. the faa says it's monitoring the incidents as part of a comprehensive review that the agency began last night. once safety checks are complete the planes could be back in the

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less than estimated in tax revenue. but california didn't come away empty handed. it's still expected to take in $1.6 billion from taxes on the sale of facebook stock. >>> organizers say the maverick surf contest is on. they will be facing what could be monster waves. if you want to watch, you'll have to keep your distance. >> reporter: the surf was low today at pillar point, but these waves are expected to grow to monsters by this weekend. fed by a pacific storm, and a strong swell. jeff clark, maverick's invitational contest director says the waves are near perfect. paddle surfer denten chase says although the water seems calm today, the surf here can change quickly to produce world class waves. >> a certain size threshold. i wouldn't go out when it's really big, but i will go out in some size, yeah, and even watch from the shoulder sometimes. >> reporter: the contest was last held in 2010. big waves swept into the spectator area, seriously injurying several people. this year, the crowds will be kept off the beach and off the bluff overlooking the competition. >> the county agencies

, but then flopped. the state took in $600 million less than estimated in tax revenue. but california didn't come away empty handed. it's still expected to take in $1.6 billion from taxes on the sale of facebook stock. >>> organizers say the maverick surf contest is on. they will be facing what could be monster waves. if you want to watch, you'll have to keep your distance. >> reporter: the surf was low today at pillar point, but these waves are expected to grow to monsters by this weekend. fed by a pacific storm, and a strong swell. jeff clark, maverick's invitational contest director says the waves are near perfect. paddle surfer denten chase says although the water seems calm today, the surf here can change quickly to produce world class waves. >> a certain size threshold. i wouldn't go out when it's really big, but i will go out in some size, yeah, and even watch from the shoulder sometimes. >> reporter: the contest was last held in 2010. big waves swept into the spectator area, seriously injurying several people. this year, the crowds will be kept off the beach and off the bluff overlooking

of the upcoming debt ceiling and laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jelly sandwiches rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, double where we were not that long ago, and the analysts were determined to tell you housing is about to go all tepid, numbers don't fit into the scenario, not a negative one and that's the story of the market right now bullish backs getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one sell, sell, sell. this feels like a moment like the mid 1980s where the bulls areaa lay boeing. it seems like when i was a young, curly haired kid. i want to see the amazing con colombia ra glomerate. one of those rare things, when you can get an audience with an investment titan. he heard i had a hot hand.

january, 2013, with the biggest tax increase in 20 years, and we have obamacare taxes, 20-some odd of them being phased in, another 500 billion dollars and the president stood up at press conference last week and said, i'm coming for more money and congressional democrats are going to try and help him. >> harris: all right. tom, the president has a speech planned in prime time tonight, that's kind of the pre-address to the big address tomorrow at the inauguration for the public to see and i read in your forbes column today that you said that there's a reason not to watch the president's speech. he's the president. why wouldn't we watch? >> well, i think beyond so help me god, tomorrow's speech isn't going be to be able to telegraph to those 23 million americans who are still out of work that this -- that this administration really cares about pro growth policy. if your a going to double down on spending and you're going to double down on increasing taxation and ultimately expand the box of the people who are going to be paying for this government, you're not going to be helping put those p

. people forget reagan was able to get tax reform, bill clinton was able to get a balanced budget. certainly a big opportunity for the president but fully aware in the white house, a lot of challenges ahead as well, jenna. >> certainly not challenges for a father. nice to see the first family, ed, and how much the girls have grown up over the last four years. what we're looking at for the president tomorrow besides the hair styles and what everybody is wearing at the inauguration is what is he going to say? what will be the address to the nation tomorrow? you mentioned some policy challenges ahead. what are you hearing about tomorrow's address and how that might set the table, if you will, for the years to come? >> true. what i'm hearing is the state of the union address next month is really where the president will go with a deeper dive on policy, whether it be gun control, immigration reform, the debt ceiling debate. tomorrow's broad scene. his senior advisor will talk about bringing the country together. republicans are saying the early signals they've seen from the president a

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their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> that's a real ad. that, my friends, is political pornography. >> that's one of the grossest things i've ever seen in my life. >> i don't know what to say. joe? >> what's wrong with these people, mika? what's wrong with these people? you have children that had no say in the decision on whether their father was going to step forward to be president of the united states, to run for president, one of the most bone-crushing sacrificing things any husband or wife can do to their family. and the second they make that decision, their children and their entire family have targets on their backs. and the nra is putting something out like -- what's wrong with these people, putting out apps that 4-year-olds can play on the anniversary of the newtown murders, and now putting out an ad talking about the president's daughters? >> they are out of step, out of the mainstream, totally out of sync with what's going on in our society. and quite f

strong gains since q4 last year. this despite talk of delaying the property tax reform due to insufficient planning and law making. >>> in hong kong all eyes on the chief executive's maiden policy speech with a focus on measures to tackle the housing crisis. developers reversed earlier losses to finish in the green, but telecos and energy majors dragged the market lower, ending down by a minor .1%. elsewhere, south korea's kospi finished marginally in the red. apple suppliers continued to weigh down the market over demand concerns on the iphone 5. the australian market bucked the down trend with the defense of telecos and health care stocks lending support. the sensex in action trading down by .5%. back to you. >> all right. thanks for that. we'll take a break. >>> still will to come, hong kong selling out new plans to show up housing woes. >>> okay, let's bring you up to speed with stories. hong kong's chief executive has delivered his first policy speech outlining measures to cool property prices, reduce pollution, and improve welfare. he said it's necessary to curb specu

demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun free zones for ours. >> it's a tough ad. dan lothian is at the white house. but i understand the president is fighting back with his own pr strategy because when he makes his big announcement he'll be surrounded by children who wrote letters to him begging for gun control. >> reporter: that's right. you know, we see the white house do this in the past, usually it's around a fiscal fight where the president's putting pressure on congress he'll be surrounded by families from across the country. well, in fact, the president, as you pointed out, will be surrounded by these young kids who wrote letters to the president in the wake of the connecticut shootings. in addition to that, though, a white house official confirming that the president will also be joined with some newtown families, families impacted by the newtown shootings at this event here today. so, clearly this is an effort by the white house to put pressure on lawma

have a jam-packed show ahead for today. outrage after a new report shows billions of your tax dollars are going overseas to try to create energy jobs here. hmmm. how would that work? the shocking congressional report calling the government's stimulus program, a failure. bill: also as the president gets ready to start his second term he may get help in a way no other president has done before. the new move by the white house that has all the political watchers calling it unprecedented. karl rove reacts on that. martha: brand new numbers on the nationwide flu outbreak as another state reports a concerning shortage of the vaccine. >> we've been going through it very quickly. so we've at times we're out and you know, as soon as we get it in there is definitely high demand one. two. three. my credit card rewards are easy to remember with the bankamericard cash rewards credit card. earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas. no hoops to jump through. i earn more cash back on the things i buy the most. [ woman ] it's as easy as... one! -two. -[

. without unity and republicans are divided in house they stand no chance of blocking any tax increases that democrats are so intent on. jenna: we'll watch in the weeks to come, doug, thank you. >> reporter: okay. jon: new troubles for boeing's airliners. troubles grounding all the 787s in japan's after one of the jets was forced to make a emergency landing today. dan springer is in seattle with the details on what happened. none of these planes have crashed, no serious injuries but still a big problem for boeing, huh? >> reporter: that's right. for more perspective, jon, worldwide there are six 787s flying. four of them left to the u.s. or coming to the u.s.. this is not a worldwide panic. this latest incident happened in western japan during a flight on all nippon airways. a warning light came on. a the pilot smelled smoke. it caused a landing early landing but they confirmed there was no fire but a smoke coming from a lithium-ion battery that sits behind the cockpit. looks like another electrical problem for the 787 but not the same battery that caught fire after landing in boston. t

wanted 45 cents. intel turned in 48. looks pretty good, right? part of that was due to a tax benefit. intel specsed a tax rate of 27% and got 23%. that helped a bit. gross margins came in stronger than expected at 58% where intel had guided to a mid point gross margin of 57%. but there was bad news beyond that for the investment community. for q11, intel guided to a mid point in revenue of $12.7 billion, plus or minus a half a billion dollars. and for the full fiscal year, 2013, intel said just expect low single digit revenue increases, growth margin to 60% and cap ex at $13 billion. that is a couple billion higher than wall street had expected. >> jon fortt there. we'll have more on china to come. our next guest weighs in. don't go anywhere. >>> welcome back to "worldwide exchange." china's economy rebounds in the fourth quarter topping expectationes and snapping seven straight quarters of slowing growth. the british government says there's no indication the hostage crisis is over in algeria. this as reports emerge that dozens may have been killed in the rescue operations. >>> intel

to 6 inches. we'll get your local weather after this message. when you file your taxes. i read the whole 900 pages. it literally took me weeks. i will give you a tax and health care review. i know the law. i have the solution... and i can help you figure it out. we're going to see this through together. >> announcer: "today in the bay" weather is sponsored by bank of the west. >> 7:19 on wednesday morning. good morning. i'm christina loren. it's another cold start to the day. temperatures in the 20s and 30st. 28 in concord. 28 degrees in santa rosa to start. we are headed to the 60s. upper 50s bay side and at the coast today. we'll see temperatures climb as we progress through the end of the week. up to 68 degrees by the weekend. santa cruz getting warmer than that. mid 70s possible sunday. >>> and that's your latest forecast, guys. >> dylan, thank you very much. >>> crash course on what you should try to avoid touching as we enter the peak of this nasty flu season. >>> ryan seacrest up early, live in our studio. first, this is "today" on nbc. >>> coming up, one of the world's

$1.5 million a year. voters had a chance to save the stations but they rejected a parcel tax measure in november. >> the people that will be most impacted will be the people that live within the area where the stations are being closed. right now, we anticipate on average about a minute to a minute and 15 seconds increase in response times. >> in about 20 minutes fire administrators will meet with the community in lafayette to talk about the station that closed in that city. the meeting will be held at the veterans memorial building on mount diablo boulevard. >>> breaking news. yet another boeing 787 dreamliner has made an emergency landing. this latest problem in japan. the all nippon airways flight touched down at the airport after a cockpit message showed battery problems. the u.s. government is conducting a review to find out what caused those problems on several other 787s over the past two weeks including fire and a fuel leak. >>> proud to tell people -- >> what price would you pay to get a degree? coming up, how more bay area student

that is on the airwaves now. watch this. >> mr. obama demands the wealthy pay their fair share of taxes but he is just another elitist hypocrite when it comes to a fair share of security. protection for their kids, and gun free zones for ours. bill: that is part of it. wendell goler live on the north lawn. what is the reaction to the nra ad, wendell. >> reporter: frankly none, bill. aides say they have no more desire for a confrontation with the nra than they already have. people will see secret service protection for the first family is no more elitist than protection for the president himself. in the wake of the newtown massacre, polls show public opinion in favor of many measures mr. obama will announce today. press secretary jay carney says it will take more than gun controls to make our children safe. >> this is something that we have to address as a nation. it is not something you can do alone through executive action. it is not something you can do with even a series of laws that, congress might pass. this is a problem that touches on a variety of areas of american life. and it needs to be appr

adjust to smaller paychecks due to higher taxes. >> the hit to incomes are going to be a first quarter event for the most part, so much of that effect will be felt in the first quarter and it gradually dissipate in our view as the year wears on. >> reporter: so, what will it take for the economy to return to much stronger footing. many say the answer lies with the housing market, which needs to built a stronger foundation. that brings us back to lenane and one of her listings. it's a five bedroom condo with river views. it can be yours for $4.75 million. >> to be able to get 3,100 square feet in manhattan is a real rarity, especially the bedroom count because people are really having families and staying in the city. and, this apartment really speaks to that. so that's why we've had such great traffic. >> reporter: traffic maybe, but will it sell? perhaps if the economy continues to show fresh signs of life. suzanne pratt, "n.b.r.," new york. >> tom: disappointing. that describes the last quarterly financial performances from two of the country's biggest banks, bank of america and citi

influx of patients coming into the hospital. it's really sort of taxed the entire hospital system. we have patients in our emergency room, have crowded a lot of patients in the emergency room. we've used a lot of techniques to accommodate the influx of patients we've seen. >> are you seeing at least at press, are other hospitals, those extraordinary measures that some have taken, are they beginning to pull back a bit? >> we're not pulling back yet. as i said, we've seen a slight decline in the last couple days. but we want to make sure it actually starts falling considerably before we pull back. we've got additional staff on board. we've opened up additional units in order to take care of these patients. we've created new protocols in our emergency room to tri to triage them so make sure they're not mixing with the other patients. those policies will still be in place for the next couple weeks likely. >> in kitchens, and offices around the country, people are still talking about whether to get a vaccination, right? >> yes. >> they can start as early as october. if you haven't gotten a

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